Plurinational State of Bolivia is the world's 28th largest country located between the Andes and the Amazon, in which various ethnic groups coexist.
It is bordered by Brazil to the north and east, Paraguay and Argentina to the south, and Chile and Peru to the west.
Bolivia has the second-largest natural gas reserves in South America after Venezuela, providing an important potential source of energy to its Southern Cone neighbours and to Brazil. Petroleum plays a significant part in Bolivian economy with 75% of production coming from the major oil fields of Santa Cruz, such as La Peña, Monteagudo, and Caranda.
The hydrocarbon sector is controlled by the state-owned Yacimientos Petroliferos Fiscales Bolivianos (YPFB) company.
Other economic activities in the country include agriculture, forestry, fishing, mining, and manufacturing goods such as textiles, clothing, refined metals, and refined petroleum. Bolivia is very rich in natural minerals, especially in tin.